India's Finolex Cables rises; analysts overlook weak margins for growth prospects

Finolex Cables

03/06/2025 05:54

** Finolex Cables FNXC.NS shares rise 6.5% to 1,020 rupees

** Co's Q4 PAT grows 4% y/y even as sales had grown 14% due to higher proportion of lower-margin business

** Analysts highlight attractive valuations, strong fundamentals and growth opportunities

** Jefferies says FNXC a "good play" on housing and construction, healthy opportunity for co's optic fiber business on impending 5G rollout

** FNXC trading at a discount to peers - Jefferies

** Asian Market Securities says long-term fundamentals remain strong amid on-track expansion plans and premiumization initiatives

** Stock rated "strong buy" on avg by 6 analysts, median PT 1,236.5 rupees, as per data compiled by LSEG

** Stock narrows YTD decline to nearly 13.5%

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))